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Most digital health accelerator and corporate start-up programs must refocus to survive
By Markus Pohl
Berlin, March 29, 2017
The hype around programs that connect start-ups with corporates and investors in digital health has peaked.
For two years running, the number of new accelerator programs has decreased. A lot of accelerator programs are having problems in attracting enough high quality start-ups to justifying budgets from their partner or parent companies. Many digital health accelerator programs will have to change along four dimensions to survive.
Update 2017
At the beginning of 2017 there were over 340 early stage investors; i.e. accelerators and incubators investing in healthcare start-ups. The growth rate of new accelerators and incubators entering the market has slowed substantially over the last two years. Nearly all of these programs target digital business models.
There are over 15,000 start-ups based on a mobile app business model. This means that there are less than 50 mobile health app start-ups per accelerator! There are just not enough start-ups out there to cater for the demand of 340+ accelerators and incubators. Especially for the rather small and unknown accelerators, which are overshadowed by the regionally well-known programs such as Plug and Play, StartUp Health and Rockstart. The number of targeted digital health start-ups per accelerator is insufficient for most accelerators to build up a high-quality selection funnel.
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While it is true, that most start-ups will apply for multiple accelerator programs, usually accelerators need to go through several hundred of applications before they can find a candidate that fits to their program.
Assessment
After talking to many digital health accelerators in preparation for this year’s mHealth App Developer Economics Survey (now live: click here), one common problem that stood out was that accelerators struggle to build up a high-quality selection funnel. With the majority of accelerators somewhat struggling for good quality applicants, how is it going to be possible for these programs to survive?
Conclusion
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Filed under: Information Technology | Tagged: digital health accelerator and corporate start-up programs, Markus Pohl |
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On digital health
“Our method for regulating digital health products must recognize the unique and iterative characteristics of these products. We need to modernize our regulatory framework so that it matches the kind of innovation we’re being asked to evaluate, and helps foster beneficial technology while ensuring that consumers have access to high-quality, safe and effective digital health devices. These pilot participants will help the agency shape a better and more agile approach toward digital health technology that focuses on the software developer rather than an individual product.”
Scott Gottlieb
[Commissioner FDA]
via Ann Miller RN MHA
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Organizations supporting healthcare investments in NY
Folks, as fast as MA and CA might be moving in this sector, a lot of groups are working hard to bring investments in New York.
1 .Startup Health is bringing together entrepreneurs and investors
2. New York Digital Health Innovation Lab is an annual program run by the Partnership Fund for New York City and the New York eHealth Collaborative for growth-stage companies
3. Digital Health Breakthrough Network and Marketplace is an NYCEDC-HITLAB partnership in NYCEDC’s digital health portfolio. The portfolio is helping New York City be a leading center of digital health, spurring innovation in the City’s healthcare industry
4. New York City Health Business Leaders is a professional community of 3,000 senior executives. They have created a healthcare ecosystem in New York that spans sectors, bringing together the best minds to discuss important issues and spur innovation.
Jay Dwivedi
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